USA Technologies Earns Frost & Sullivan’s “2016 North America Customer Value Leadership Award for Integrated Financial Se...
January 03 2017 - 8:00AM
Business Wire
USA Technologies, Inc. (NASDAQ:USAT) ("USAT"), a payment
technology provider of cashless and mobile transactions in
self-serve retail, today announced that it received the “2016 North
America Customer Value Leadership Award” from Frost & Sullivan,
the Growth Partnership Company. USAT earned the Award in
recognition of its innovation in the integrated financial services
and retail space industry in North America.
"We are honored to receive this prestigious Award from Frost
& Sullivan,” said Stephen P. Herbert, Chairman and CEO, USA
Technologies. “Leading the way for the adoption of cashless
payments in a traditionally cash-based industry has been our
pleasure the past 15 years. The team at USA Technologies has worked
very hard to guide our customers through the transition to newer
technologies while creating inherent value for and loyalty in
consumers through frictionless transactions and loyalty programs.
This Award has special significance to us, as it shows that the
strides we’ve made in the market are being recognized."
Frost & Sullivan has a global team of analysts and
consultants continuously researching a wide range of markets across
multiple sectors and geographies. As part of this ongoing research,
Frost & Sullivan identifies companies that consistently deepen
customer relationships by offering superior products and services
that deliver a clear, demonstrable ROI. This research involves
extensive primary and secondary research across the entire value
chain of specific products. For the Customer Value Leadership
Award, its analysts independently evaluated two key
factors—Customer Impact and Business Impact. Against the backdrop
of this research, Frost & Sullivan singled out USA
Technologies, Inc. among the best in providing customer value in
the market.
Previously recognized in 2014 by Frost & Sullivan for its
value leadership in financial services and retail
machine-to-machine communications solutions, USAT offers
point-of-sale services to business owners in the self-service,
unattended market. An early adopter of advanced payment processing,
contactless acceptance, and telemetry technologies, the company
helps business owners transition to a world where unattended
machines accept various payment methods.
USAT currently has over 429,000 connections, of which 300,000
plus are NFC enabled. Consumers, millennials in particular, are
taking advantage of the ubiquity of their smartphones, increasingly
using mobile wallets such as Apple Pay, Android Pay, and Samsung
Pay to pay for goods. However, the unattended and self-serve retail
market, such as vending, laundry, and parking, has traditionally
been coin and cash based. Now operators and service providers are
looking at a technology upgrade to accept next-generation digital
payments. USAT has simplified this process by creating an
end-to-end platform that offers everything from data networking to
payment processing, and loyalty and marketing programs, in addition
to best-in-class service and support, via its ePort Connect and
ePort Interactive programs.
For more information:
USA Technologies: https://usatech.com/Twitter:
https://twitter.com/usa_techYouTube:
https://www.youtube.com/user/USATechnologiesResource Center:
https://usatech.com/resource-center/the-benefits
About Frost & Sullivan:
Frost & Sullivan, the Growth Partnership Company, works in
collaboration with clients to leverage visionary innovation that
addresses the global challenges and related growth opportunities
that will make or break today's market participants. For more than
50 years, we have been developing growth strategies for the global
1000, emerging businesses, the public sector, and the investment
community.
USA Technologies:
USA Technologies, Inc. is a premier payment technology service
provider of integrated cashless and mobile transactions in the
self-service retail market. The company also provides a broad line
of cashless acceptance technologies including its NFC-ready ePort®
G-series, ePort Mobile™ for customers on the go, ePort®
Interactive, and QuickConnect, an API Web service for developers.
USA Technologies has 78 United States and foreign patents in force;
and has agreements with Verizon, Visa, Chase Paymentech, and
customers such as Compass, AMI Entertainment, and others. For more
information, please visit the website at www.usatech.com.
--G-USAT
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170103005405/en/
ANW NetworksAlicia V. Nieva-Woodgate, +1
415-515-0866alicia@anwnetworks.com
USA Technologies (NASDAQ:USAT)
Historical Stock Chart
From Sep 2024 to Oct 2024
USA Technologies (NASDAQ:USAT)
Historical Stock Chart
From Oct 2023 to Oct 2024